What do you guys expect, is more likely to happen ?Considering that the recession scenarios have not subsided we can maybe say that situation A is more likely to happen.
But we can also consider that the worries about the recession are already priced in and the market already factored in the worst. In such a case situation B also have a possibility. What is your take on the same?
USTECH100MINICFD trade ideas
THE FED HAWKISH PLAN STILL IN CONTROL!!!With the ease and positive economic data last week, market sentiment still believe the FED hawkish plan still holding.
technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend.
The central bank is expected to raise rates by 75 basis points for the fourth-straight time before "pivoting" to a slower pace of rate hikes, which the market has begun pricing in. failure to this the DXY will continue falling, that suggest a long term buy for the US indices. its a wait and see for now.
MY VIEW, BUY US100 AS SHOW IN CHART.
SHORT TERM BULL TRADE THIS WEEK AND MAYBE NEXT WEEK AS WE AWAIT A CONFIRMATION FOR THE LONG TERM SETUP.
cheers😎. thank me later
NAS100 * Ma crossover on weekly tf, we got abcd pattern 0.5 extension. The monthly rsi has never been so low for us100. There is inverse head and shoulder chart formation. We also have divergence on weekly tf in rsi. On 4 hr tf price is Above all Moving averages. We could be in for a small pullback.
US 100 15 min Analysis Short CMP 11460 - Target 11400-11340- 113US 100 15 min Analysis Short CMP 11460 - Target 11400-11340- 11300-11240-11200+
100 NDQ
100 NDQ
Retracement of the rise from March'20 low to the peak formed in Nov'21
can be seen in the chart.
61.8% retracement tested.
Positive divergence on RSI has been created but
lagging in no way right now to confirm a possible reversal.
Swing bottom process need to happen before lagging confirms its.
Lagging has negative slopes therefore need to spend time in compression
before lagging start giving indication of up move.
The lower top is at 11661.
Earlier indication of reversal is on breakout above 11661
to resume swing bottom process and confirmation.
Lagging will take part later to confirm.
Any reversal will be a pullback of the fall from the last
swing top of 13720.
Trend is down still and earlier bottom of 11037 violated.
Down move can continue if sustains below 10440.
US100Price came down with an impulse, started consolidating at our demand level, we anticipate a continuation to the downside after the accumulation
Us100 ichimoku cloud green signalUs100 ichimoku cloud green signal
Buy arround 10950
Sl 10825
Target 2x
us 100 long trade sl 10927, target 11243 us 100 long trade sl 10927, target 11243
Ichimoku cloud signal for long